Silver price (XAG/USD) maintains its position after retreating from a fresh record high of $53.77, currently trading around $52.40 per troy ounce during the European hours on Tuesday. Silver prices climbed as a historic short squeeze in London intensified a rally driven by soaring demand for safe-haven assets. The price of the grey metal surged amid growing concerns over liquidity shortages in London, prompting some traders to secure cargo space on transatlantic flights for Silver bars, an unusually costly transport method typically reserved for Gold, in a bid to capitalize on higher prices...
Gold prices fell to $4,090 ahead of the European session on Tuesday after briefly reaching an all-time high of $4,179. This occurred as market participants cautiously awaited a speech by Fed Chairman Jerome Powell. With expectations that Powell might signal that the US central bank will remain cautious or cautious in easing interest rates, demand for safe-haven assets like gold has been depressed. Amidst sensitive market conditions, a slight change in tone from Powell could trigger a sharp reaction. Furthermore, the strengthening of the US dollar also weighed on gold prices because gold is...
Gold rises in the early Asian session, buoyed by the bullish fundamental backdrop. The BofA Global Research team expects further upside in 2026, with gold and silver potentially rising to $5,000/oz and $65/oz, respectively. "White House's unorthodox policy framework should remain supportive for gold," the team says in a research report, citing drivers including fiscal deficits, rising debt, and a push to cut rates. Spot gold is 0.5% higher at $4,131.72/oz after earlier touching a record intraday high of $4,132.04/oz. Source: Dow Jones Newswires
Oil steadied after paring a slump in the week's opening session, as investors weigh the fallout of renewed US-China trade tensions against demand. West Texas Intermediate traded near $60 a barrel after gaining 1% in the previous session — following a 4.2% plunge on Friday — while Brent closed just above $63. US president Donald Trump eased his rhetoric against China after touting a fresh round of US tariffs and export curbs late last week and flagged openness to a deal with Beijing. The resumption of the trade conflict between the two biggest oil users has introduced fresh...